Subject: Re: Quick 4Tell Question
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Thu, 29 Apr 2010 14:19:48 -0400

OK - just talking to them now and he agreed.  Said he realized we hadn't discussed and it is standard but he understood and agreed pretty easily.  Clear that is was a "let me leave it in and see if they say anything".   Really probably should have pushed back on the retainer and said we should do $7500 for six months, but we'll know pretty quickly if this is going to be economically worth it to us and we'll either be making money selling this stuff six months from now or we are going to decide it is not worth it.  

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked]
P Consider the environment before printing this email.

On Apr 29, 2010, at 2:04 PM, Hunter Biden wrote:

> It all seems like a lot of bait and wswitch to me- we started this conversation saying we don't do anything under 10 and now we are taking two months at 2500 as advance- if it's a non recourse advance fine but we need a lot more on commission side to make any of this worth it.
> 
> Sent from my iPad
> 
> On Apr 29, 2010, at 1:58 PM, Eric Schwerin <[email-masked]> wrote:
> 
>> Good deal.  FYI, they also have the retainer as $7500 for months one and two, $5000 for months three and four and $2500 for months five and six.  I am OK with that if we don't have to have the retainer be an advance on commissions.
>> 
>> 
>> 
>> Eric D. Schwerin
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> [email-masked]
>> P Consider the environment before printing this email.
>> 
>> On Apr 29, 2010, at 1:54 PM, Hunter Biden wrote:
>> 
>>> Just make point you don't see how we make any money doing this- that we really love the product- but the incentive is so low that you don't know how we are motivated to do the hard work to get it done.
>>> 
>>> Sent from my iPad
>>> 
>>> On Apr 29, 2010, at 1:50 PM, Eric Schwerin <[email-masked]> wrote:
>>> 
>>>> I was thinking of pushing back a little.  Their contract with us proposes the retainer be a credit towards commissions.  I kind of feel like we have come down in price so much we should get the retainer (it is only $60K) without having it credited towards commissions.  (We'd need to sell $1 million of product before we see commissions).  Talking to them in 10 minutes.  Thoughts?  Am I being greedy?
>>>> 
>>>> 
>>>> 
>>>> Eric D. Schwerin
>>>> Rosemont Seneca Partners, LLC
>>>> 1010 Wisconsin Ave., NW
>>>> Suite 705
>>>> Washington, DC 20007
>>>> (202) 333-1880
>>>> [email-masked]
>>>> P Consider the environment before printing this email.
>>>> 
>>